| Cash Flow for Petrosearch Energy Corp. (PTSG) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | | | Net Income | (6,535) | (2,322) | (2,901) | (1,571) | | Depreciation & Amortization | 909 | 391 | 563 | 2,220 | | Deferred Income Taxes | - | - | - | - | | Operating Losses | - | (1,000) | 265 | 438 | | Extraordinary Losses | - | - | - | - | | | Decrease in Receivables | 31 | 488 | 369 | (1,348) | | Decrease in Inventories | - | - | - | - | | Decrease in Other Current Assets | - | - | - | - | | Increase in Payables | 865 | 853 | (600) | 249 | | Increase in Other Current Liabilities | (410) | 410 | - | - | | Decrease in Other Working Capital | - | - | - | - | | Other Non-Cash Items | 1,053 | 340 | - | - | | Net Cash from Continuing Operations | (2,415) | (1,643) | (2,490) | (296) | | Net Cash from Discontinued Operations | - | - | - | - | | Cash from Operating Activities | (2,415) | (1,643) | (2,490) | (296) | | | | Sale of Property, Plant, Equipment | - | 509 | 2,072 | 18 | | Sale of Short Term Investments | - | - | - | - | | | Purchase of Property, Plant, Equipment | (9,082) | (14,141) | (7,874) | (6,356) | | Acquisitions | - | - | - | - | | Purchase of Short Term Investments | - | - | - | - | | Other Investment Changes, Net | - | - | - | 100 | | Cash from Investing Activities | (9,082) | (12,632) | (5,802) | (6,238) | | | Issuance of Debt | 18,100 | 10,880 | 3,950 | 3,100 | | Issuance of Capital Stock | - | 5,935 | 10,610 | 1,853 | | | Repayment of Debt | (2,265) | (2,878) | (3,315) | (410) | | Repurchase of Capital Stock | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | | Other Financing Charges, Net | (19) | - | - | 1,231 | | Cash from Financing Activities | 15,815 | 13,938 | 11,245 | 5,775 | | | | Effect of Exchange Rate Changes | - | - | - | - | | Net Change in Cash | 4,318 | (337) | 2,952 | (760) | | | Cash at Beginning of Year | 3,716 | 4,053 | 1,101 | 1,860 | | Cash at End of Period | 8,034 | 3,716 | 4,053 | 1,101 | | | |
